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Asian Bulle n: Aussie trades flat despite lower than expected AIG services index data; Most Asian stock markets in red; gold slightly up
Asian Headlines:
• U.S. and Canadian banks will be closed in observance of Labor Day.
• Australia AIG services index stands at 42.5 vs 44.0 previous release.
• China trade balance stands at 417B vs 442B previous release.
• Japan foreign reserves stands at 1,398.5B vs 1,402.5B previous release.
• Japan and South Korea face high risk because of cyclone Haishen.
Economic Data Ahead:
• (0200 ET/0600 GMT) German industrial produc on, previous 8.9 pct, expected 4.5.
• (0300 ET/0700 GMT) Swiss foreign currency reserves, previous 846B.
• (0330 ET/0730 GMT) U.K. Halifax HPI m/m, previous 1.6, expected 1.0.
• (0430 ET/0830 GMT) Euro Sen x investor confidence, previous -13.4, expected -11.4.
Economic Events Ahead:
• No key events scheduled for the day.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.17% to 92.87.
USD/JPY: The Japanese yen trades flat against U.S. dollar. The pair moves in s ff boundaries since last one month. A sustained close above 106.56 will take the parity
higher towards key resistance around 106.92, 107.48, 107.92, 108.22, 108.54, 109.20 and 109.72 mark respec vely. On the other side, a consistent close below 105.40
will drag the parity down towards 105.10, 104.72, 104.20, 103.50 and 102.98 marks respec vely.
AUD/USD: The Aussie remains almost unchanged a er AIG services index data. The pair made intraday high at $0.7298 and low at $0.7273 marks. On the top side key
resistances are seen at $0.7298, $0.7340, $0.7370, $0.7422, $0.7462 and $0.7502 mark respec vely. On the other hand, a consistent close below $0.7271 will take the
parity down towards key supports around $0.7257, $0.7190, $0.7158, $0.7123, $0.7082, $0.7040, $0.6969, $0.6922, $0.6861, $0.6833 and $0.6799 mark respec vely.
NZD/USD: The kiwi consolidates around $0.67 mark against U.S. dollar. Pair made intraday high at $0.6722 and low at $0.6704 mark. Key resistances are seen at $0.6770,
$0.6824, $0.6867 and $0.6910 mark respec vely. Alterna vely, a consistent close below $0.6700 will drag the parity down towards key supports around $0.6686,
$0.6620, $0.6547, $0.6499, $0.6476, $0.6420, $0.6380, $0.6356, $0.6289, $0.6240 mark respec vely.
USD/INR: The Indian rupee rises gradually against U.S. dollar. The pair made intraday high at 73.16 and low at 73.06. A sustained close below 73.02 marks will drag the
parity down towards 72.88, 72.65, 72.40 and 72.12 mark respec vely. On the top side key resistances are seen at 73.37, 73.76, 74.10, 74.37, 74.70, 75.02, 75.20 and
75.39 marks respec vely.
EUR/USD: The euro starts a new week on a flat note as ECB is scheduled to release interest rate decision due on Sept 10. The pair made intraday high at $1.1848 and low
at $1.1829 mark. A sustained close above $1.1936 tests key resistances at $1.1975, $1.2022, $1.2047, $1.2082 and $1.2120 mark respec vely. On the other side, a
sustained close below $1.1787 will target key supports around $1.1737, $1.1695, $1.1654, $1.1590, $1.1540 and $1.1526 marks respec vely.
GBP/USD: The sterling moves in rigid boundaries and stabilizes above $1.3200 mark. A sustained close above $1.3280 will drag the parity up towards $1.3350, $1.3382,
$1.3422, $1.3442 and $1.3515 mark respec vely. Key support levels are seen at $1.3198, $1.3151, $1.3102, $1.3062, $1.3009, $1.2950, $1.2838 and $1.2775 mark
respec vely.
Commodity Trend:
XAU/USD (GOLD): Gold trades marginally higher and remains well supported above $1,930 mark. Today pair made intraday high at $1,941 and low at $1,931 mark. A
sustained close above $2,001 requires for the upside rally. Alterna vely, reversal from key resistance will take the parity down towards key supports around $1,922,
$1,910, $1,902, $1,890, $1,862, $1,840, $1,822, $1,809 and $1,787 mark respec vely. Key resistances are seen at $1,947, $1,958, $1,970, $1,982, $1,994, $2,008, 2,020,
2,038 and $2,063 marks respec vely.
XAG/USD (Silver): Silver jumps no ceably above $27.00 mark in early Asia. A sustained close above $29.13 requires for upside rally. Key support levels are seen at $26.53,
$26.12, $25.53, $25.02, $24.70, $23.41, $23.24 and $23.02 marks respec vely. Key resistances are seen at $27.22, $27.70, $28.12, $28.84, $28.97, $29.13 and $29.55
marks respec vely.
3. AUD / USD
REPORTFROM:TPGLOBALFXSEPTEMBER,2020
Time Frame: H1
INDICATORS
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RIS (Period=26) Below RIS LEVEL 50
FIBO Levels PIVOT
R1 0.72972 S1 0.72388
Buy Above 0.73098
0.73294
0.72634
0.72634
0.72447
0.73098
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.73152 S2 0.72208
R3 0.73444 S3 0.71916
R4 0.73916 S4 0.71444
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
0.72680
4. EUR / USD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS
Trends Reversing Down Trend
Moving Average (Period=75) Below MA
H 1
RIS (Period=26) Below RIS LEVEL 50
FIBO Levels PIVOT
R1 1.18603 S1 1.17959
Buy Above 1.18649
1.18844
1.18189
1.18189
1.17971
1.18649
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.18803 S2 1.17759
R3 1.19125 S3 1.17437
R4 1.19647 S4 1.16915
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.18281
SEPTEMBER,2020
5. GBP / USD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RIS (Period=26) Below RIS LEVEL 50
FIBO Levels PIVOT
R1 1.33112 S1 1.32018
Buy Above 1.33170
1.33502
1.32135
1.32135
1.31758
1.33170
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.33449 S2 1.31681
R3 1.33996 S3 1.31134
R4 1.34880 S4 1.30250
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.32565
SEPTEMBER,2020
6. USD /CAD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1.31176 S1 1.30442
Buy Above 1.31237
1.31482
1.30367
1.30367
1.30057
1.31237
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.31404 S2 1.30214
R3 1.31771 S3 1.29847
R4 1.32366 S4 1.29252
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1.30809
Trend Up Trend
Moving Average (Period=75) Above Above MA
RIS (Period=26) Above RIS LEVEL 50
SEPTEMBER,2020
7. USD /JPY
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 106.434 S1 106.090
Buy Above 106.555
106.669
106.116
106.116
105.929
106.555
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 106.539 S2 105.985
R3 106.711 S3 105.813
R4 106.988 S4 105.536
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
106.262
Trends Up Trend
Moving Average (Period=75) Above MA
RIS (Period=26) Above RIS LEVEL 50
SEPTEMBER,2020
8. XAU / [GOLD]USD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1944.33 S1 1920.33
Buy Above 1950.62
1959.66
1923.32
1923.32
1914.28
1950.62
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1951.75 S2 1912.91
R3 1963.75 S3 1900.91
R4 S4 1881.49
Conclusion
+1 7754 366 970
analysis@tpglobalfx.com
1932.33
Trends Down Trend
Moving Average (Period=75) Below MA
RIS (Period=26) Below RIS LEVEL 50
1983.17
SEPTEMBER,2020
9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
REPORTFROM:TPGLOBALFX
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